U.S. Geothermal (HTM) is making its way back to the buck level this morning on news it has been offered a conditional commitment for a $102.2 million loan guarantee from the Dept of Energy to help construct the 22MW geothermal plant at Neal Hot Springs in Eastern Oregon. The company already has a 25 year power purchase agreement in place for Neal Springs with Idaho Power which is Idaho’s largest utility.
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U.S. Geothermal (HTM) announced this morning that its subsidiary USG Oregon LLC has signed a 25 year power purchase agreement (“PPA”) with Idaho Power, a subsidiary of Idacorp (IDA) for the sale of up to 25MW from their Neal Hot Springs project in Oregon. Surprisingly, the stock didn’t move at all on the news, but it could very well move once the PPA is approved by the Idaho Public Utilities Commission in the … Read the rest
US Geothermal (HTM) is surging 25% today and getting back above a buck on news the company’s Neal Springs geothermal plant has been approved for a US Department of Energy due diligence review for an $85 million loan as part of the Energy Policy Act of 2005. The DOE loan is expected to provide about 80% of the total estimated cost of the binary cycle geothermal plant which the company is expected to begin construction … Read the rest